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View all search resultsMiners split over plan to shorten approval periods
A government plan to revert from a triennial to an annual basis for mining work plan approvals (RKAB) has drawn mixed reactions from industry players, with some warning of increased uncertainty and red tape but others seeing a chance to boost flexibility and revenue.
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On the move: Coal is shipped on barges on Aug. 16, 2022, in Samarinda, East Kalimantan. (AFP/Adek Berry)
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plan to revert from a triennial to an annual basis for mining work plan approvals (RKAB) has drawn mixed reactions from industry players, with some warning of increased uncertainty and red tape but others seeing a chance to boost flexibility and revenue.
The government’s move comes amid efforts to enhance industry supervision and respond more dynamically to market fluctuations, particularly as global coal prices weaken.
While intended to improve governance and revenue management, the policy has prompted debate within the industry over its potential to disrupt long-term planning.
Indonesian Mining Association (IMA) executive director Hendra Sinadia noted that the IMA had yet to provide formal input, as it had not been consulted on the proposed policy change, but said he trusted the government had weighed its impact on investment.
Both systems were acceptable, he said, provided the implementation aligned with both government and industry expectations.
“A one-year or three-year RKAB are all good, as long as the process and implementation are in line what is expected by both the government and miners,” he told The Jakarta Post on Monday, emphasizing that annual submissions had been standard practice before the three-year system was introduced.
Read also: Govt to restore yearly approvals process amid coal price slump
